Consolidated Edison Inc. (ED) announced that its third-quarter net income for common stock was $336 million or $1.22 a share, compared with $182 million or $0.66 a share in 2008.
Earnings from ongoing operations for the quarter were $319 million or $1.16 a share compared to $269 million or $0.98 a share in 2008. Analysts polled by Thomson Reuters expected the company to report earnings of $1.05 per share for the quarter. Analysts' estimates typically exclude special items.
For the year 2009, the company confirmed its previous forecast of earnings per share from ongoing operations in the range of $3.00 to $3.20 a share. Analysts expect the company to report earnings of $3.10 per share for fiscal 2009.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.